Julie represents private and public clients on using HUD funding in conjunction with low-income housing tax credits (LIHTC) and bonds, local loan programs, FHA-insured financing, bonds, Federal Home Loan Bank’s affordable housing program, and rehabilitation tax credits. Julie manages all aspects of a transaction from initial legal structuring through multiple phased closings and regulatory issues arising in the operation of subsided properties. She also regularly speaks and advises clients on the complex issues arising in RAD and low-income housing tax credit transactions, the use of public housing affiliates in public development, HUD regulatory requirements and PBV.

Selected Recent Transactions

Represented a public housing authority (PHA) in first four phases of a portfolio conversion to PBV through RAD, including the second RAD closing in the country, pairings of conventional PBV, transfer of assistance, 4% and 9% financing, land swap, infrastructure, and navigating RAD standards development mid-transaction.

Advise a national non-profit with a $30 million loan fund, which provides acquisition and predevelopment funds to rural affordable housing developers, using funds from HUD, USDA, and private foundations and individuals.

Represent, on development and public housing issues, a PHA with five HOPE VI projects and one CNI project and an active non-HOPE VI development program in overhauling an entire family public housing portfolio. Manage all closings.

Developer’s counsel to 100% PBV project developed using tax credit equity, bond proceeds, local funds, and PHA funds. Negotiated all legal documents, formed owner and general partner, and advised on regulatory issues, such as subsidy layering, exception rents, and Moving To Work.

Understanding PHA Obligations under the New Uniform Rule on Administrative Requirements, Cost Principles and Audits: What’s New and What’s Not, Moderator. Housing & Development Law Institute (HDLI), April 2015

Introduction to RAD, Moderator. ABA Forum on Affordable Housing & Community Development Law (ABA Forum), May 2014